Registrar-Generals-Department-Annual-report-1968-1969 — Page 99

LIABILITIES

ASSETS

Preferential creditors:

Total per statement of affairs, as adjusted... $ 279,900 Less: Amounts claimed and paid to date...

Cash and Bank balances: Cash in Hand

$

219

82,370

$ 197,530

Bank Balances:

Unclaimed dividends to unsecured creditors:

Companies Liquidation (C.T.) Account... Deposits at Call

113,763

·

Unsecured creditors per statement of affairs (as adjusted) HK$150,951,946

Fixed Deposits

700,000

7,350,000

$8,163,982

First dividend of 25% thereof

37,737,987

Less: Amounts claimed and paid to date

37,227,486

510,501

Advances for account of debtors, recoverable from proceeds of property held: Amounts advanced

90,293

Deposits received from licensees and tenants of premises

...

14,960

Excess of assets over liabilities as at 31st March 1969

7,536,679

Sum recoverable out of special fixed deposit: Funds held on Special Fixed Deposit with Bankers Less: Part thereof held in suspense pending further action

...

...

$ 1,963,851

1,958,456

5,395

93

$8,259,670

$8,259,670

Notes: The foregoing Balance Sheet reflects:-

(1) Only such Assets as had actually been realized up to 31st March 1969.

(2) Amounts due to Preferential and Unsecured Creditors irrespective of whether their claims had been admitted as at 31st March 1969.

(3) Adjustments found, since 12th May 1965, to be necessary in respect of the accounts of Preferential and Un- secured Creditors reported in the Statement of Affairs as at that date.

W. HUME, Registrar General, (Official Receiver). 25th June 1969.